Turning $20K to $2 million During the Financial Crisis
Stansberry Investor Hour
Stansberry Research
4.4 • 677 Ratings
🗓️ 4 February 2021
⏱️ 82 minutes
🧾️ Download transcript
Summary
The GameStop rise has come and gone.
Last week, shares for the retail video game store traded as high as $480... but over the past week the stock has plummeted over 80%.
Dan examines the situation and comes away with some key takeaways about free brokerage apps, like Robinhood, and who they truly serve.
Then Dan brings the perfect guest onto the show to discuss the situation, legendary trader and market wizard, Chris Camillo.
In 2007, Chris began his investing career by turning $20,000 into over $2 million, during a three-year period where you were lucky to make any gains in the market at all.
Today, Chris is an accomplished author, investor, and entrepreneur who has been featured in Jack Schwager's book Unknown Market Wizards.
Chris' trading style is pretty different than anything we've covered on the show before.
Chris explains how he uses social arbitrage investing to try to get out ahead of new trends and identify early shifts in popular movements.
Chris says he does almost 100% of his research and trading right from his phone, using social media sites like Twitter, Reddit, and Discord to find his ideas. That's how Chris was able to see the covid crash coming ahead of time, and place a trade that made him a 7-figure windfall...
Dan and Chris sit down and discuss some of the biggest calls he's gotten right, big opportunities he's missed, and his advice for anyone getting into trading.
Listen to their conversation and much more on this week's episode.
Interested in more from Stansberry Research? Check out the American Consequences podcast here: https://podfollow.com/americanconsequences
Transcript
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| 0:00.0 | Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour. |
| 0:11.5 | Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour. |
| 0:20.0 | Sign up for the free show archive at InvestorHour.com. |
| 0:23.6 | Here's your host, Dan Ferris. |
| 0:25.6 | Hello and welcome to the Stansberry Investor Hour. |
| 0:28.6 | I'm your host, Dan Ferris. |
| 0:30.6 | I'm also the editor of Extreme Value published by Stansberry Research. |
| 0:34.6 | Don't forget. |
| 0:35.6 | Trish Regan is now a part of the Stansberry family. |
| 0:38.5 | Check out her podcast American Consequences with Trish Regan. The link will be in the description |
| 0:43.3 | of this episode. As for today, we will talk with Market Wizard Chris Camillo. Camillo is |
| 0:49.7 | profiled in Jack Schweiger's new book Unknown Market Wizards. His trading style is different from anything |
| 0:55.7 | we've ever discussed on this program. And he's just a great guy. He's a fascinating, great, |
| 1:01.7 | friendly guy. Lots of good stuff in the mailbag this week. We heard from Ludwig H. who has an |
| 1:08.2 | interesting question, an interesting comment about a previous episode. |
| 1:12.7 | And we have a couple of interesting questions about things like the U.S. dollar and inflation |
| 1:18.7 | and the I share silver trust and the Sprott Physical Silver Trust. |
| 1:22.9 | And in my rant, I'm going to talk about one more time, GameStop. |
| 1:29.4 | That and more right now on the Stansberry Investor Hour. |
| 1:33.3 | Okay, it looks like this GameStop thing is pretty much over, even though the stock is still in the |
| 1:39.2 | 90s as I speak to you. |
| 1:40.8 | It went from like, it started the year below 20. And the 52-week high is like |
... |
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